With today’s lackluster jobs report, the Labor Department is now estimating that the economy added an average of 94,000 jobs …
labor department
The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either
On Oct. 5, the Bureau of Labor Statistics announced that the official unemployment rate had dropped from 8.1% to 7.8% — a surprisingly sharp decline given the slow pace of growth in the U.S. economy. The reaction from many on …
Is the Obama Administration Juicing the Unemployment Stats?
The Government releases countless statistics each year, but few get more attention from the press than the official unemployment rate, which is updated and released once per month by the Bureau of Labor Statistics (BLS). …
Unemployment Rate Drops to 7.8% But Path to Recovery is Murkier
With the first presidential debate behind us, and the election just a month away, we have come upon that magical time of the year when the media filters each new datum through the lens of the election horse race. And so goes the …
Labor Department Finds U.S. Economy 386,000 Jobs Stronger
The Labor Department is constantly refining its estimation of the U.S. Labor Market as new data comes in. Each month, when it releases its employment situation report, it also issues revisions of the previous two months’ jobs …
U.S. Economy Adds Just 80,000 Jobs in June
The Labor Department released its monthly Employment Situation Report this morning, announcing that the economy added 80,000 new jobs in June – slightly less than what economists were predicting, and far too small a number to …
What You Need to Know About April’s Jobs Numbers
Any way you cut it, the Labor Department’s announcement that the U.S. economy added just 115,000 jobs in April is a disappointment. Economists had been expecting 160,000 new jobs, and even that number is far below the kind of …
March Unemployment: The Rorschach Jobs Report
March’s unemployment numbers were mediocre enough to be open to any number of interpretations. Republicans see evidence that the President’s policies have taken us off track. Obama just called it another bump in the road. Here are two reasons to despair and two reasons to celebrate about the latest data
Which City Has the Best Job Market?
The U.S. economy has finally started to see some steady, robust job growth — adding more than 220,000 jobs each of the past three months. This is surely good news for the country, but we all know that America is anything but a …
Curious CapitalistEconomy
Why A Stronger Economy Probably Won’t Translate Into A Raise — Yet
Last Friday’s jobs numbers came in strong, particularly in important areas like manufacturing, on which President Obama is staking much of the economic component of his re-election campaign. If voters start to feel more prosperous than they have over the last few years, it will certainly help him at the polls in November. But in order …
Reactions to Tomorrow’s Employment Report, Today
Each month the Government and private organizations release dozens of statistics that help market participants and policy makers judge the health of the economy. The Bureau of Labor Statistic’s monthly Employment Situation Report …
U.S. Unemployment Falls to 8.6%: Amazing News, But Is It a Game Changer?
Just when we were expecting the economy to go boom it went zoom. The unemployment rate in November dropped faster than it has in more than 11 years.